Public finance

Philadelphia's economy has been growing. But deep cuts Pennsylvania may impose on the regional public transportion system could have serious negative impacts.

Legacy Health, an eight-hospital Portland, Ore.-based healthcare system, that abandoned merger plans in May received a downgrade and negative outlook from Moody's Ratings.

Treasurer Brad Briner said the unused money was in state accounts for years.

The state will tap reserve funds, close tax loopholes and cut spending to address a more than $1 billion shortfall in its fiscal 2026 budget.

The world's biggest opera house has been downgraded for the second time this year.

The GOP reconciliation bill will cut $888 million in revenue from Oregon, state economists said, because its state tax laws conform with federal law changes.

With the break in issuance this week, the market has firmed a bit, said Tim McGregor, managing partner at Riverbend Capital Advisors.

If the SEC grants exemptive relief to firms seeking to offer a multi-class structure, "we will see more ETFs of actively managed municipal bond strategies."

The rating agency cited increases in enrollment and improved net tuition revenues.

Metropolitan College plans to sell its Manhattan campus to The City University of New York, providing a reprieve for its bondholders. 

Transit expert and former MTA head "Train Daddy" Andy Byford is in charge of the $7 billion renovation.

A Category 5 hurricane could lead to more than $200 billion in damage, Moody's Analytics said in a report released before the 20th anniversary of Hurricane Katrina.

Analysts Chris Collins and Melissa Nicandri were among the 64 passengers and crew aboard American Airlines flight 5342. The Bond Buyer will honor them at the Rising Stars dinner.

Introducing The Bond Buyer's newest Muni Hall of Famers who will be honored at an awards dinner in Boston on Sept. 30, 2025.

Paul Chatalas, director of capital markets for the state, said the six series of bonds drew "aggressive bids."

While issuance has been on a record pace this year, this week sees a slight slowdown in activity, caused by participants going on vacation, said Jeff Timlin, a partner at Sage Advisory.

Nevada is the latest public entity to be hit by a cyberattack, with officials struggling to restore services.

Missouri auditor Scott Fitzpatrick released an audit report on St. Louis Public Schools, finding the district will run out of funds in fiscal year 2031.

In a 2-1 vote, county commissioners approved an Oct. 8 competitive general obligation bond sale to keep funding a jail project amid escalating costs.

The Southeast Pennsylvania Transportation Authority implemented drastic cuts and warned that more cuts and fare hikes are on the way without state funding.